After a series of lawsuits, newly expressed interest in a case by the DOJ and FTC could signal more scrutiny over alleged hotel pricing collusion.
Commercial real estate information giant CoStar (CSGP.O) has been sued in a proposed consumer class action accusing it and a group of luxury hotel operators, including Hilton (HLT.N), Hyatt (H.N) and Marriott (MAR.O), of conspiring to keep room rental prices artificially high.
A group of companies operating prominent hotels on the Las Vegas strip on Monday asked a U.S. court to dismiss a lawsuit filed by tourists accusing them of conspiring to keep room rental rates artificially high through a revenue management platform.
Several major companies that run prominent hotels on the famous commercial strip near Las Vegas were hit with a consumer antitrust lawsuit in federal court on Wednesday accusing them of conspiring to keep hotel room rates artificially high.
European hotel associations meet amid fears that aggressive contracting by Online Travel Agents is leading to price fixing and unfair competition